Anton Co. uses the perpetual inventory method. Anton purchased 400 units of inventory that cost $12.00 each.
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Anton Co. uses the perpetual inventory method. Anton purchased 400 units of inventory that cost $12.00 each. At a later date the company purchased an additional 600 units of inventory that cost $16.00 each. If Anton uses the FIFO cost flow method and sells 700 units of inventory, the amount of cost of goods sold will be:
A.$11,200.
B.$10,400.
C.$8,400.
D.$9,600.
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